Implication of pervious year not closing in FI - AA

[ashutosh_saraf]

Hello all,

                   Could anyone can explain in detail what are the implications if 2012 is not closed in FI-AA. Following is the case.

1.Some assets were held for sale in 2012 but was not sold.

2. Depreciation for those assets did not run for 4 months as they were marked Asset shutdown.

3. Now when i am trying to close 2012, it is saying that there are some assets which depreciation was not posted in 2012 . Thats why its not possible to close.

Kindly advice

Regards

Ashutosh

[Former Member]

1.Some assets were held for sale in 2012 but was not sold.

You can sell it in 2012 , since asset fiscal year is not closed.

2. Depreciation for those assets did not run for 4 months as they were marked Asset shutdown.

Depreciation will not happen for those assets and will remain in planned values.

3. Now when i am trying to close 2012, it is saying that there are some assets which depreciation was not posted in 2012 . Thats why its not possible to close.

Check the error log, you can easily find the assets for which depreciation is not posted. check those assets.

Thanks

SKKS

[former_member319435]

Hi Ashutosh,

It seems you´ll have to post the depreciation for the remaining period of 2012 first. If you don't want to adjust your already submitted BS & P&L then you have to reverse these postings in GL so that your BS figures remain unchanged.  As you cannot directly post to the asset balance accounts you will have to create new accounts. In 2013, you can make additional GL posting to reconcile FI-AA balances.

Another option is to find out the troubled assets and readjust the useful life in such a way that the 12 months depreciation will be equal to the already 8 months posted depreciation. Then repeat run the depreciation and there should not be any FI entry generated.

Hope any one of the above comes into your help.

Thanks & Regards
Ramesh

[Former Member]

Hi,

According to me, for Asset Accounting in SAP there is option of keeping 2 Fiscal Years open at a single point of time. Now as such implication would be I suppose that if the Previous Asset Fiscal Year
is not closed and if the same is to be closed in Current Year, then after closing the previous FY, the Subidiary Books of Accounts are again to be closed and transferred to Current Fiscal Year.

Regards,

Malhar.